Stock Market & Financial Investment News

Jos. A. Bank announces tender offer to repurchase up to $300M in value of sharesMJoS. A. Bank announced that it has commenced a tender offer to purchase up to $300M in value of shares of its common stock at a price of $65.00 per share. The closing price of the company's common stock on February 18 was $54.20 per share. The tender offer will expire at midnight on March 18, unless extended by the company. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that is being distributed to stockholders, including the consummation of the previously announced acquisition of Everest Holdings. The company expects to fund the tender offer with cash on hand. None of the Company's directors or executive officers or Everest Topco LLC, the owner of Everest and a portfolio company of Golden Gate Capital, will participate in the tender offer.